Dexerials

Basic Information

Stock Code
4980
Industry
Chemicals
Category Detail
Chemicals & Chemical Products
Prefecture
Tochigi Prefecture
Establishment Year
June 2012
Listing Year
July 2015
Official Website
https://www.dexerials.jp/
TSE Information
TSE Information
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Other Companies
Seriren, Nissan Chemical, Toagosei, Sumitomo Bakelite, Nippon Kayaku, Tri Chemical Laboratories, ADEKA, Taiyo Holdings, JX Metals, Furuya Metal, ZACROS

Overview

Dexerials is a chemical manufacturer established in 2012, boasting the world's top market share in the fields of electronic components, bonding materials, and optical materials.

Current Situation

Dexerials recorded consolidated sales of approximately 110.4 billion yen and operating profit of approximately 39.7 billion yen for the fiscal year ending March 2025, maintaining a stable revenue base. Its flagship products, such as anisotropic conductive film (ACF), optically elastic resin (SVR), and anti-reflective film, hold world-leading market shares for smartphones and tablets. Leveraging its technological strengths, it has expanded into various electronic materials fields, including bonding materials for solar cells, high-precision adhesives, and thermal conductive sheets. Since its listing on the Tokyo Stock Exchange Prime Market in 2015, it has pursued aggressive capital investments and R&D, and in 2022, it made Kyoto Semiconductor a subsidiary. It has also been continuously certified as a Health Management Excellence Corporation, focusing on creating a comfortable work environment for employees. In the medium term, it has set the development of environmentally friendly products and expansion into overseas markets as key strategies, with expectations for stable growth and technological innovation. It is also addressing the impact of yen appreciation and striving to enhance corporate value through sustainability-focused management.

Trivia

Interesting Facts

  • Originates from Sony Chemical, founded in 1962
  • Holds world No. 1 market share in anisotropic conductive film (ACF)
  • Company name is a coined term from 'dexterous (skillful)' and 'materials'
  • Provides high-performance materials installed in smartphones worldwide
  • Certified multiple years in a row as Health Management Excellence 'White 500'
  • Advanced chemical manufacturer that became independent from Sony Group in 2012
  • Invested by Development Bank of Japan and Unizon Capital
  • Expanded business by making Kyoto Semiconductor a subsidiary in 2022
  • Established industry standard status as high-reliability electronic component bonding materials
  • Listed on Tokyo Stock Exchange Prime Market
  • Main products include electronic components, bonding materials, and optical-related films
  • Headquarters and factory in Shimotsuga, Tochigi Prefecture, strengthening production system
  • Focuses on R&D of functional materials for semiconductors and flat panels
  • Boasts world-class technological strength in smartphone optical materials
  • Approximately 1,915 employees, including many R&D personnel

Hidden Connections

  • Inherited Sony's technology as former Sony Group subsidiary and built its own brand
  • Collaborates with Development Bank of Japan on investments, corporate restructuring, and growth support
  • Strengthened semiconductor materials field by making Kyoto Semiconductor a subsidiary
  • Stable shareholder composition including Sekisui Chemical and trust banks as major shareholders
  • Mix of close competitors and collaborations in electronic materials and bonding materials fields
  • Achieved improved employee satisfaction through Health Management Excellence certification
  • Key player in providing advanced materials for Japan's high-tech industry
  • Possesses strengths in both optical and bonding fields through long-term technology accumulation

Future Outlook

Growth Drivers

  • Increased material demand accompanying expansion of smartphone and tablet markets
  • High value-added development of bonding materials for semiconductors and high-function electronic components
  • Expansion of opportunities to provide new materials in renewable energy field
  • Acceleration of eco-product development in response to stricter environmental regulations
  • Optimization of global production and sales networks
  • Rising demand for new materials for IoT and 5G-compatible devices
  • Improved productivity and corporate branding through health management promotion
  • Business area and technology expansion through aggressive M&A
  • Improved manufacturing efficiency through digitalization and automation
  • Maintaining market superiority through strengthened R&D and intellectual property

Strategic Goals

  • Maintain and expand world top market share in electronic bonding materials
  • Achieve over 20% sales ratio from renewable energy-related materials
  • Realize over 50% ratio of sustainable products
  • Further strengthen global production system and multi-site deployment
  • Continue Health Management Excellence certification and achieve over 90% employee satisfaction
  • Achieve 10% year-on-year sales growth through new material market launches
  • Expand community contributions and realize zero environmental impact
  • Accelerate development and commercialization of IoT/AI-related electronic materials
  • Maximize investment efficiency to enhance corporate value
  • Business diversification through material applications in diverse industries

Business Segments

Electronic Materials for Smartphones and Tablets

Overview
Provides bonding for high-precision electronic components and optical materials for displays, supporting reliable product manufacturing.
Competitiveness
World-leading market share in electronic bonding materials technology
Customers
  • Electronics manufacturers
  • Display manufacturers
  • Smartphone assembly plants
  • Overseas OEM manufacturers
  • Electronics trading companies
Products
  • Anisotropic conductive film
  • Optically elastic resin
  • Anti-reflective film
  • High-function pressure-sensitive adhesives
  • Surface-mount fuses

Solar Cells and Renewable Energy Materials

Overview
Provides high-efficiency, high-durability bonding and heat dissipation materials for solar cell manufacturing.
Competitiveness
High-function bonding materials excellent for environmental compatibility
Customers
  • Solar cell manufacturers
  • Renewable energy system developers
  • Materials trading companies
Products
  • Tab wire bonding materials
  • UV-curable resin
  • Thermal conductive materials

Semiconductor and Electronic Machinery Related Materials

Overview
Provides high-purity optical and electronic materials essential for semiconductor and electronic device manufacturing.
Competitiveness
Advanced processing technology and diversified material lineup
Customers
  • Semiconductor equipment manufacturers
  • Electronic component supply trading companies
  • Industrial manufacturers
Products
  • Sputtering targets
  • Inorganic waveplates
  • Polarizing plates

Industrial Adhesives and Tapes

Overview
Provides high-performance adhesives and tapes to meet diverse industrial bonding needs.
Competitiveness
High reliability and customization capabilities
Customers
  • Automotive parts manufacturers
  • Industrial machinery manufacturers
  • Building materials manufacturers
Products
  • High-function adhesives
  • Double-sided and single-sided tapes
  • Special adhesives

Electronic Device Protection Components

Overview
Supplies protection components aimed at improving the safety of electronic devices.
Competitiveness
High reliability and miniaturization technology
Customers
  • Electronic device manufacturers
  • Communications equipment companies
  • IoT device developers
Products
  • Surface-mount fuses
  • Electronic protection components
  • Safety materials

Optical Materials Development Collaboration

Overview
Promotes joint research and product development for advanced optical materials.
Competitiveness
Advanced optical design technology and material processing
Customers
  • Optical device manufacturers
  • R&D institutions
  • Universities and research institutes
Products
  • Optical materials
  • Waveplates
  • Polarizing plates

Environmentally Compatible Materials

Overview
Provides advanced chemical products with consideration for reducing environmental impact.
Competitiveness
Product design emphasizing sustainability
Customers
  • Environmental equipment manufacturers
  • Resource recycling companies
  • Government-related organizations
Products
  • Environmentally compatible adhesives
  • Recyclable materials

Competitive Advantage

Strengths

  • World top market share in high-precision electronic bonding materials for smartphones
  • Possesses advanced optical materials technology and manufacturing facilities
  • Established strong production and sales networks domestically and internationally
  • Aggressively invests in R&D, focusing on new material development
  • Corporate culture certified multiple times as Health Management Excellence Corporation
  • Achieves risk diversification through diverse product lineup
  • Deployment of environmentally compatible products with sustainability in mind
  • Business expansion through subsidiary Kyoto Semiconductor
  • Stable financial base and appropriate asset management
  • High made-to-order capabilities enabling flexible customer response

Competitive Advantages

  • Global market share and brand power in smartphone bonding materials
  • Market superiority in high-function optically elastic resin SVR
  • High-purity manufacturing technology in sputtering target field
  • High-quality, low-cost production possible through domestic and international production base collaboration
  • Diverse product portfolio mitigates market fluctuation risks
  • Fast development speed for customized products meeting customer needs
  • Health management promotion company certified by Ministry of Environment and Ministry of Economy, Trade and Industry
  • Aggressive M&A strategy for technological strength and market expansion
  • Possesses strong IP portfolio in specialized fields
  • Stable order acquisition through long-term customer relationships

Threats

  • Impact of reduced export competitiveness due to yen appreciation
  • Intensifying price competition from new entrants
  • Impact of demand fluctuations in semiconductor and electronic device markets
  • Product development and cost increases due to stricter environmental regulations
  • Political risks and logistics issues at overseas production bases
  • Risks of rising material prices and supply constraints
  • Risk of failing to keep up with the pace of technological innovation
  • Dependency risk from changes in major customers' procurement strategies
  • Risks related to intellectual property such as patent litigation
  • Unexpected production halts due to natural disasters

Innovations

2024: Business Expansion through Acquisition of Kyoto Semiconductor as Subsidiary

Overview
Strengthened optical semiconductor device business by acquiring shares in Kyoto Semiconductor.
Impact
Contributes to business diversification and new market acquisition.

2023: Development of New High-Performance Optically Elastic Resin Product

Overview
Launched optically elastic resin with improved heat resistance and transmittance.
Impact
Contributes to sales growth in value-added products for smartphones.

2022: Success in High Functionalization of Anisotropic Conductive Film

Overview
Significantly improved conductivity and durability compared to conventional products.
Impact
Secured demand for high-quality smart devices.

2021: Commercialization of New Thermal Conductive Sheet Material

Overview
Launched product adopting new material with high heat dissipation efficiency.
Impact
Expanded adoption in automotive and electronic device fields.

2020: Improvement of High-Transparency UV-Curable Resin Products

Overview
Developed product that balances shortened curing time and enhanced weather resistance.
Impact
Improved competitiveness in optical disc applications.

Sustainability

  • Continuous certification as Health Management Excellence Corporation (2022-2024)
  • Introduction and promotion of energy-saving production lines
  • Strengthened management of raw material procurement to reduce environmental impact
  • Efforts to reduce waste and improve recycling rates
  • Strengthening of environmental and social governance across the supply chain
  • Promotion of regional environmental protection and next-generation nurturing activities
  • Product development aimed at contributing to a decarbonized society
  • Implementation of sustainable product design and lifecycle assessments